Ouster, Inc. (NYSE:OUST) Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC increased its stake in Ouster, Inc. (NYSE:OUST) by 16.3% during the 4th quarter, Holdings Channel reports. The fund owned 65,860 shares of the company’s stock after purchasing an additional 9,228 shares during the quarter. Legato Capital Management LLC’s holdings in Ouster were worth $805,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC raised its stake in Ouster by 280.6% in the third quarter. Barclays PLC now owns 57,330 shares of the company’s stock valued at $361,000 after buying an additional 42,267 shares in the last quarter. Geode Capital Management LLC raised its stake in Ouster by 6.8% in the third quarter. Geode Capital Management LLC now owns 975,407 shares of the company’s stock valued at $6,146,000 after buying an additional 62,202 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Ouster in the third quarter valued at $706,000. Stifel Financial Corp raised its stake in Ouster by 286.7% in the third quarter. Stifel Financial Corp now owns 59,718 shares of the company’s stock valued at $376,000 after buying an additional 44,275 shares in the last quarter. Finally, State Street Corp raised its stake in Ouster by 2.4% in the third quarter. State Street Corp now owns 1,649,540 shares of the company’s stock valued at $10,392,000 after buying an additional 37,926 shares in the last quarter. 31.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, General Counsel Megan Chung sold 13,671 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $9.69, for a total transaction of $132,471.99. Following the transaction, the general counsel now owns 149,647 shares of the company’s stock, valued at $1,450,079.43. This trade represents a 8.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mark Frichtl purchased 5,045 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $9.78 per share, for a total transaction of $49,340.10. Following the acquisition, the chief technology officer now owns 513,121 shares of the company’s stock, valued at approximately $5,018,323.38. The trade was a 0.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 80,415 shares of company stock valued at $748,620 over the last quarter. 7.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on OUST shares. Cantor Fitzgerald upgraded Ouster from a “neutral” rating to an “overweight” rating and cut their price target for the company from $12.00 to $10.00 in a research note on Monday, November 11th. Northland Securities began coverage on Ouster in a research report on Thursday, December 12th. They set an “outperform” rating and a $14.00 target price on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $17.00 target price on shares of Ouster in a research report on Friday, November 8th. Finally, Northland Capmk upgraded Ouster to a “strong-buy” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.17.

Ouster Stock Up 5.1 %

NYSE OUST opened at $10.09 on Friday. Ouster, Inc. has a 52-week low of $4.65 and a 52-week high of $16.88. The business’s 50-day moving average price is $11.06 and its 200 day moving average price is $9.09. The firm has a market cap of $502.18 million, a P/E ratio of -3.93 and a beta of 2.36.

Ouster Profile

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.